Moody's sees 'balanced' upside, downside risks to PH


Posted at Aug 01 2018 03:38 PM

MANILA -- The upside and downside risks to the Philippines' credit rating are "balanced," Moody's Investor Service said Wednesday.

Strong economic growth can "accelerate even further" on the back of infrastructure spending and as tax reform boosts revenues, said Moody's, which rates Manila at investment grade.

Inflation is a challenge for policymakers, even as the price spikes are "temporary." This also does not point to an overheating economy, the debt watcher said.

"Moody's also believes that the strong track record of the central bank in maintaining monetary and financial stability will prevail in the face of such headwinds," it said.

-- with a report from Reuters